||Life insurance is one of the most important things you can do for your family. That’s why Norwich Union makes it easy to get the cover you need. You can buy online from as little as £10 a month. And that’s a small price to pay for peace of mind||More Info /
Although our eventual demise is not something that we like to think about too much, it is impossible to know what fate has in store, and each day many people in the UK meet with accidents or contract illnesses that prove to be fatal.
Although nothing can make up for this type of situation, having a protective policy in place to ensure that your loved ones are looked after financially should you pass away can provide valuable peace of mind to both you and your family. Life insurance is designed to provide this protection, and many insurance companies offer this type of valuable cover.
As with all types of insurance, life insurance is available at different levels to suit a wide range of needs and pocket, and therefore you should be able to find cover that is both affordable and suited to your needs. If you die as a result of an accident or illness your beneficiaries will receive a lump sum payment, which could make life easier for them and could even mean that they can afford to keep a roof over their heads despite the loss of an income.
These life insurance policies can vary quite widely from one insurance provider to another, so you must make sure that you read the small print and you know what is and isn’t covered under the terms of the policy. You should also make sure that you have an adequate level of cover so that your loved ones are provided for in the event that you pass away.
There are two basic types of life insurance cover, and these are term life insurance and whole of life insurance. With term life insurance you pay premiums for a set amount of time, such as fifteen years, and at the end of the specified period your premiums will cease and your cover will be declared null and void.
If any claim is made on the cover within the term the insurance will, of course, expire. With whole of life insurance cover the policy is for life, so your payments will be continuous and the cover will continue until you die or cancel the policy. Term insurance is the cheaper of the two options.
The cost of life insurance cover can vary from one provider to another, and by getting a quote from a number of providers you can compare the cost of cover in order to get cheap cover that offers adequate protection levels. However, you should make sure that you do not take only the cost of cover into account, as you also need to ensure that the policy provides adequate cover. Ensure that you read the small print and that you know exactly what is and isn’t covered by the policy.
You can compare life insurance policies from a number of insurance providers with ease and speed online. Once you have received a quote from a number of providers you can see at a glance which offers the lowest premiums for the level of cover that you are looking for, and you can then arrange your cover quickly and conveniently online.
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